Germany unveils package of tax breaks, tax cuts to boost investment
Germany yesterday launched a package of tax breaks and eventual tax cuts for firms to boost investment. The package comprises a hefty tax write-off on investments in machinery and other equipment over three years, followed by a drop in corporate tax rate from 15 per cent to 10 per cent between 2028 and 2032. Chancellor Friedrich Merz's cabinet approved the package, pending approval by lawmakers.
Germany yesterday launched a package of tax breaks and eventual tax cuts for firms to boost investment.
The package comprises a hefty tax write-off on investments in machinery and other equipment over three years, followed by a drop in corporate tax rate from 15 per cent to 10 per cent between 2028 and 2032.
Chancellor Friedrich Merz's cabinet approved the package, pending approval by lawmakers.
